Open Access Senior Thesis
Bachelor of Arts
© 2011 Bryce Gerard
In this paper, we examine data on U.S. GDP/Capita and natural resource share of GDP by state. We then run growth regressions and build on a previous model of dynamic equations to account for the spatial equilibrium that exists between U.S. states. Our results show that there exists evidence that overinvestment in oil and mining sectors has negative effects on state TFP growth, thus giving positive evidence for the existence of a natural resource curse between U.S. states.
Gerard, Bryce, "A Natural Resource Curse: Does it Exist Within the United States?" (2011). CMC Senior Theses. Paper 158.